[SinoPac] SinoPac Financial Holdings Announces Subsidiary King's Town Bank's Budget Increase for Urban Renewal Project
SinoPac Financial Holdings has announced that its subsidiary, King's Town Bank, increased its self-funded budget for an urban renewal project in Da'an District, Taipei, from 585 million TWD to 970 million TWD, raising the estimated asset value to 2.2 billion TWD.
📋 Article Processing Timeline
- 📰 Published: April 24, 2026 at 09:00
- 🔍 Collected: April 25, 2026 at 08:00 (23h 0m after Published)
- 🤖 AI Analyzed: April 25, 2026 at 10:07 (2h 6m after Collected)
1. Date of original announcement: 2022/11/28
2. Summary of original announcement: On 2022/11/28, King's Town Bank participated in an urban renewal project for a plot of land located at No. 212, Section 2, Fuxing Section, Da'an District, Taipei City. The pre-renewal value was TWD 829,260,590 (20.157039% share). The post-renewal allocable value was estimated at TWD 1,699,810,030 (including a self-funded portion of approximately TWD 585,680,233).
3. Reason for change and main content: Due to practical operational needs, the self-funded budget is to be increased to a maximum of TWD 969,680,233. The estimated post-renewal allocable value is now projected at TWD 2,203,810,030. The final amount will be settled based on actual execution.
4. Impact on company finance and business after change: None.
5. Other matters to be stated: None.
Keywords: Material Information
2. Summary of original announcement: On 2022/11/28, King's Town Bank participated in an urban renewal project for a plot of land located at No. 212, Section 2, Fuxing Section, Da'an District, Taipei City. The pre-renewal value was TWD 829,260,590 (20.157039% share). The post-renewal allocable value was estimated at TWD 1,699,810,030 (including a self-funded portion of approximately TWD 585,680,233).
3. Reason for change and main content: Due to practical operational needs, the self-funded budget is to be increased to a maximum of TWD 969,680,233. The estimated post-renewal allocable value is now projected at TWD 2,203,810,030. The final amount will be settled based on actual execution.
4. Impact on company finance and business after change: None.
5. Other matters to be stated: None.
Keywords: Material Information